Insider Buying: BlackRock MuniYield New York Quality Fund (NYSE:MYN) Director Acquires $497,603.75 in Stock

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Director Robert Fairbairn acquired 49,025 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were purchased at an average price of $10.15 per share, for a total transaction of $497,603.75. Following the completion of the transaction, the director directly owned 49,025 shares in the company, valued at approximately $497,603.75. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

BlackRock MuniYield New York Quality Fund Stock Performance

MYN opened at $10.02 on Friday. The firm’s fifty day moving average is $10.03 and its 200 day moving average is $9.94. BlackRock MuniYield New York Quality Fund, Inc. has a fifty-two week low of $9.12 and a fifty-two week high of $10.26.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.0512 dividend. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Monday, June 15th.

Institutional Trading of BlackRock MuniYield New York Quality Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC lifted its holdings in BlackRock MuniYield New York Quality Fund by 22.8% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 7,000 shares of the investment management company’s stock worth $67,000 after purchasing an additional 1,300 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of BlackRock MuniYield New York Quality Fund by 11.8% during the fourth quarter. NewEdge Advisors LLC now owns 14,200 shares of the investment management company’s stock valued at $141,000 after buying an additional 1,500 shares during the last quarter. Equitable Holdings Inc. lifted its holdings in shares of BlackRock MuniYield New York Quality Fund by 14.6% in the third quarter. Equitable Holdings Inc. now owns 15,701 shares of the investment management company’s stock worth $156,000 after buying an additional 2,000 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund in the second quarter worth $27,000. Finally, United Financial Planning Group LLC bought a new position in shares of BlackRock MuniYield New York Quality Fund during the third quarter worth $35,000. Institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Company Profile

BlackRock MuniYield New York Quality Fund (NYSE: MYN) is a diversified, closed-end management investment company that seeks to deliver current income exempt from federal and New York State income taxes. The fund primarily invests in a portfolio of municipal securities, with an emphasis on investment-grade obligations issued by entities located within New York State.

The fund’s investment strategy focuses on long-term, tax-exempt income by allocating assets to general obligation bonds, revenue bonds, and other municipal debt instruments rated in the upper tiers of the major credit rating agencies.